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Visa issues 10 billionth token

Visa today announced a significant milestone achieved by its tokenization technology, revealing that Visa tokens have generated more than $40 billion in incremental ecommerce revenue for businesses globally and saved $650 milion in fraud in the last year.

/security

Trulioo forges releationship with Mastercard

Trulioo, an industry-leading identity platform with extensive global coverage for consumer and business verification, today announced a partnership with Mastercard, a global technology company to deliver innovative identity verification solutions to streamline digital onboarding for both merchants and consumers, while fighting fraud.

/security

Socure and Oscilar to combine risk management with ID verification

Leading provider of AI-driven risk management solutions, Oscilar and Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will set a new standard in digital identity verification, fraud prevention and risk management for financial institutions.

/security

Mastercard opens European Cyber Resilience Centre in Belgium

Mastercard today announced the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming the company’s commitment to combatting cyber threats and enhancing resilience in the region.

/security

Mangopay debuts AI-driven fraud prevention package

Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution.

/security

HSBC launches payment pre-validation API for business customers

HSBC has introduced a new Payment Pre-Validation API (Application Programming Interface) to help business customers make payments with greater security, ease and confidence, by offering enhanced capabilities to verify payee details prior to initiating payments, making them faster and more reliable.

/security

Over a third of fraud attempts targeting financial institutions now use AI

Signicat, the European leader in digital identity and fraud prevention solutions, today announces a new report on the growing threat of AI-driven identity fraud in partnership with independent consultancy Consult Hyperion.

/security

Fido Alliance introduces Face Verification Certification for remote biometrics

The FIDO Alliance announced today the launch of the first globally available certification program to test and certify the performance of remote biometric identity verification technology when verifying a user against a trusted identity document for accuracy, liveness, and bias.

/security

Currencycloud selects Form3 for Confirmation of Payee

Form3, the cloud-native account-to-account platform, today announces that Currencycloud, a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.

/security

Mastercard joins UNDP to fight digital scams

Mastercard joins UNDP, United Nations Development Programme, signing a Memorandum of Understanding to collaborate towards deepening the understanding of development impact of digital scams, and ways to detect and address them.

/security

Zwipe collaborates with Ermes srl to distribute biometric sccess cards in Italy

Ermes srl, one of the leaders in providing solutions for the identification and security of people, has signed a distribution agreement with Zwipe, a pioneer and world leader in the development of biometric technology on cards for identification, access control and payment.

/security

SurePay joins forces with FIS on verification and Confirmation of Payee

SurePay today announced that it has joined forces with FIS, making it easy for PSP’s in the partner ecosystem to access its CoP/VoP solution and comply with upcoming regulatory changes and start protecting their customers against fraud and friction.

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